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Stockholders' Equity
 3 Months Ended
Mar. 31, 2013
Equity [Abstract]  
Stockholders' Equity
Stockholders’ Equity

Series A and Series B preferred stock — Dividends on our 4.0% Series A Convertible Preferred Stock and 4.0% Series B Convertible Preferred Stock (preferred stock) are accrued monthly and are payable in cash as approved by the Board of Directors. Preferred dividends accrued but not paid were $8 at both March 31, 2013 and December 31, 2012.

Common stock — Our Board of Directors declared a quarterly cash dividend of five cents per share of common stock in the first quarter of 2013. Common stock dividends accrued but not paid were $8 at March 31, 2013. Dividends accrue on restricted stock units granted under our stock compensation program and will be paid in cash or additional units only when the underlying units vest.

On October 25, 2012, our Board of Directors approved a share repurchase program for up to $250 of our outstanding shares of common stock over a two-year period. The stock repurchases are subject to prevailing market conditions and other considerations. Under the program, we repurchased 1,397,887 shares of our common stock during the first quarter of 2013. At March 31, 2013, $211 remained available for future share repurchases.

Changes in equity —
 
 
 
2013
 
2012
Three Months Ended March 31,
 
Attributable to Parent
 
Attributable
to Non-
controlling Interests
 
Total
Equity
 
Attributable to Parent
 
Attributable
to Non-
controlling Interests
 
Total
Equity
Balance, December 31
 
$
1,843

 
$
105

 
$
1,948

 
$
1,737

 
$
101

 
$
1,838

Total comprehensive income
 
37

 
6

 
43

 
126

 
4

 
130

Preferred stock dividends
 
(8
)
 


 
(8
)
 
(8
)
 


 
(8
)
Common stock dividends
 
(8
)
 


 
(8
)
 
(7
)
 


 
(7
)
Distributions to noncontrolling interests
 


 
(1
)
 
(1
)
 


 


 

Common stock share repurchases
 
(24
)
 


 
(24
)
 


 


 

Adjustments to paid-in capital for purchase of noncontrolling interests
 
6

 


 
6

 


 


 
 
Adjustments to other comprehensive income for purchase of noncontrolling interests
 
(3
)
 


 
(3
)
 


 


 
 
Purchase of noncontrolling interests
 


 
(9
)
 
(9
)
 


 


 
 
Stock compensation
 
6

 


 
6

 
5

 


 
5

Stock withheld for employee taxes
 
(2
)
 


 
(2
)
 


 


 

Ending Balance, March 31
 
$
1,847

 
$
101

 
$
1,948

 
$
1,853

 
$
105

 
$
1,958



Changes in components of Accumulated Other Comprehensive Income (Loss) (AOCI) of the parent —

 
Parent Company Stockholders
 
Foreign Currency Translation
 
Hedging
 
Investments
 
Defined Benefit Plans
 
Accumulated Other Comprehensive Income (Loss)
Balance, December 31, 2012
$
(198
)
 
$
3

 
$
12

 
$
(610
)
 
$
(793
)
Other comprehensive income (loss):

 

 

 

 
 
Currency translation adjustments
(17
)
 

 

 

 
(17
)
Holding gains

 
5

 
1

 

 
6

Reclassification of amount to net income (a)

 
(2
)
 

 

 
(2
)
Venezuelan bolivar devaluation

 

 

 
2

 
2

Amortization of net actuarial losses included in net periodic benefit cost (b)

 

 

 
6

 
6

Other comprehensive income (loss)
(17
)
 
3

 
1

 
8

 
(5
)
Adjustment for purchase of noncontrolling interests
(4
)
 
1

 

 

 
(3
)
Balance, March 31, 2013
$
(219
)
 
$
7

 
$
13

 
$
(602
)
 
$
(801
)
 
 
 
 
 
 
 
 
 
 
Balance, December 31, 2011
$
(192
)
 
$
(10
)
 
$
10

 
$
(458
)
 
$
(650
)
Other comprehensive income (loss):

 

 

 

 
 
Currency translation adjustments
44

 

 

 

 
44

Holding gains

 
8

 
2

 

 
10

Reclassification of amount to net income (a)

 
2

 

 

 
2

Net actuarial loss

 

 

 
(1
)
 
(1
)
Amortization of net actuarial losses included in net periodic benefit cost (b)

 

 

 
3

 
3

Tax expense

 
(2
)
 

 

 
(2
)
Other comprehensive income (loss)
44

 
8

 
2

 
2

 
56

Balance, March 31, 2012
$
(148
)
 
$
(2
)
 
$
12

 
$
(456
)
 
$
(594
)
 
 
 
 
 
 
 
 
 
 
(a) Foreign currency contract reclassifications are included in other income (expense), net.
(b) See Note 9 for additional details.

During the first quarter of 2013, Dana purchased the noncontrolling interests in three of its subsidiaries for $7. Dana maintained its controlling financial interest in each of the subsidiaries and accounted for the purchases as equity transactions. The difference between the fair value of the consideration paid and the carrying value of the noncontrolling interests was recognized in additional paid-in capital of the parent company. At the time of the purchases the subsidiaries had accumulated other comprehensive income. Accumulated other comprehensive income of the parent company has been adjusted to reflect the ownership interest change with a corresponding offset in additional paid-in capital of the parent company.